Latest News

Landlords don’t like young tenants

The housing crisis for young people is set to worsen as more and more landlords refuse to rent to people under 35, says a study by Sheffield Hallam University. The research found one-third of landlords were ‘cutting back’ on renting to under-35s. It appears concern over young people’s ability to pay the rent is encouraging landlords to look for older

Read more

Read more

Somerset accountant jailed for £350,000 tax fraud

Somerset accountant Stephen Love has been jailed after using £350,000 of a client’s VAT payments to help the cash flow of his business. Love, a director of construction company JBA Martin Limited and Wessex Accountants Limited, looked after the building firm’s books. He was sentenced to two years and three months in prison. Judge David Ticehurst said: “You knew what

Read more

Read more

UAE to introduce VAT

The United Arab Emirates looks set to be the first Gulf state to introduce VAT, as it looks to make up for falling oil revenues. From January 2018, tourists and other shoppers visiting Dubai and other cities in the UEA will have to pay a 5% tax on goods and services. The UAE government said the new tax will raise

Read more

Read more

Essential measures

Essential service firms who fail to implement effective cyber security measures face fines in the UK of up to £17m, or 4% of their global turnover. The new government proposals are aimed at making Britain’s essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks. The Department of Digital, Culture, Media & Sport’s consultation document

Read more

Read more

Data Protection law overhaul

The public will be given more control over their personal data and be better protected in the digital age under new measures announced by Digital Minister Matt Hancock. The proposals, to come in the form of a Data Protection Bill, include the ‘right to be forgotten’ and a requirement for social media platforms to delete personal information on children and

Read more

Read more

New help for small businesses launched by HMRC

A new online tax forum and dedicated webchat service for small businesses and the self-employed has been launched by HMRC. The Small Business Online Forum is a quick and easy way for small businesses to get answers to their tax questions, as well as help with: starting a business support for growing a business – including taking on employees and expanding

Read more

Read more

NOW: Pensions removed from the master trust assurance list at its own request

NOW: Pensions has today been removed from The Pensions Regulator’s master trust assurance list. There is no suggestion that the assets of members are at risk as a result of the scheme coming off the list, or that employers whose workplace pensions are in place with NOW: Pensions are not complying with their automatic enrolment duties. The Pensions Regulator (TPR)

Read more

Read more

HMRC Talking Points sessions – July and August 2017

HMRC has arranged further Talking Points sessions. Please find further details of these online meetings below: Paying the right amount of tax through Pay As You Earn (PAYE): PAYE has changed. HMRC have improved the way they use real time information to make automatic adjustments to PAYE tax codes as they happen, rather than waiting until the end of the tax

Read more

Read more

Do you give advice or services about tax or finance relating to offshore income or assets?

The new International Tax Compliance (Client Notification) Regulations 2016 came into effect on 30 September 2016 Under the UK’s Automatic Exchange of Information (AEOI) agreements, HMRC will soon begin to automatically receive data from over 100 jurisdictions about UK tax residents who have assets in offshore accounts. Before HMRC receives this information, people in industry who advise about overseas income

Read more

Read more